Case Study: North American Mining Company achieves $5 million in AP savings with OnBase

Natural resource mining company saves $5 million with AP automation

North American Mining Company, North America’s largest iron ore pellet producer, was struggling with paper-based, decentralized accounts payable operations and limited visibility into processing nearly 360,000 invoices a year. The manual workload was slow, labor-intensive, and made it difficult to capture early-payment discounts, prompting the company to look for an automation solution from OnBase.

OnBase implemented AP automation that centralized invoice routing to headquarters, used vendor-specific templates to extract invoice data automatically, and assigned invoice values to help capture discounts. As a result, North American Mining Company achieved $5 million in annual savings, eliminated manual data entry, reduced errors, and increased AP capacity enough to reassign nearly 50% of staff to higher-value work.